Millennials have been dealt a tough hand. Many in the cohort graduated into the worst recession since the Great Depression, only to be hit with the socio-economic nightmare that is the COVID-19 crisis just a dozen years later.
While Canadian unemployment is showing signs of recovery, with nearly one million jobs added in June, it’s far too early to tell whether employment is on a sustained path to recovery or if it’s just a one-off. The answer ultimately depends on what’s to happen next with the COVID-19 crisis and whether we’re due for a second wave in fall.